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Income Tax Deduction for Expenses

Has anyone been able to get an income tax deduction for expenses related to these antiaging studies?  I'm not sure the IRS will allow this because these therapies are new and it's not yet clear how well they work.

BAS

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    • Maximus Peto
    • Researcher, website & forum admin
    • Maximus
    • 7 yrs agoFri. March 2, 2018 - 3:40 pm
    • Reported - view

    Hello BAS, 

    That's a good question. I don't think a tax deduction would be applicable in this circumstance. A company organized to conduct these studies could record them as an expense, but it wouldn't result in a tax deduction for the individual study participant. 

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    • Braddy25
    • Braddy25
    • 6 yrs agoTue. October 23, 2018 - 10:34 am
    • Reported - view

    Yeah in such a case income tax deduction would be applicable. I also would be planning my finances and going to invest in the options that help me save some taxes. Thinking to get expert personal financial planning service for my investment portfolio. 

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    • BAS
    • BAS
    • 6 yrs agoTue. October 23, 2018 - 9:26 pm
    • Reported - view

    Thanks for the advice!

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    • LiamGentry
    • LiamGentry
    • 2 yrs agoSat. June 18, 2022 - 7:10 pm
    • Reported - view

    It's easy to make a mistake in these calculations!

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